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Bridgewell Incorporated

EIN 04-2296940 · Peabody, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak35 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 172 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

BRIDGEWELL INSPIRES HOPE AND EMPOWERS PEOPLE EXPERIENCING LIFE CHALLENGES TO ACHIEVE THEIR FULLEST POTENTIAL.

Income
$102.6 million
Spending
$95.8 million
Spent on programs
89%
Reserves
-0.8 months of spending
Largest source of income
fees for its services, 99%
Employees
1,341
Volunteers
30
Highest pay
$337,647, ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 35 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 73% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 7% of income.

  • Income trend

    15 of 15

    Income rose 17% on the year before.

  • Spending floor

    0 of 15

    89% of spending went to programs and raising each dollar of donations cost 172 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (7)
  1. $55.4 million spent. RESIDENTIAL SERVICES- PROVIDES SUPPORT TO INDIVIDUALS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES. THE CORE PURPOSE IS ASSISSTING THE PEOPLE TO LEAD AND DIRECT THEIR OWN LIVES.
  2. $8.8 million spent. DEVELOPMENTAL DISABILITIES DAY SERVICES- PROVIDES EDUCATION, TRAINING, AND EXPRESSIVE THERAPY FOR INDIVIDUALS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES IN ORDER TO TEACH COPING, COMMUNICATION AND LIFE SKILLS.
  3. $8.4 million spent. AFFORDABLE HOUSING- THE AFFORDABLE HOUSING DIVISION PROVIDES SAFE AND AFFORDABLE HOUSING IN LOWELL AND LYNN FOR INDIVIDUALS WITH DISABILITIES, THE HOMELESS AND INDIVIDUALS WITH A DUAL DIAGNOSIS.
  4. $6.7 million spent. OUTPATIENT SERVICES- PROVIDES DIAGNOSTIC ASSESSMENTS, INDIVIDUAL, FAMILY AND GROUP PHYCHOTHERAPY, MEDICATION MANAGEMENT, PSYCHIATRIC DAY TREATMENT, AND PSYCHIATRIC EMERGENCY COORDINATION FOR BRIDGEWELL AND COMMUNITY RESIDENTS.
  5. $3.2 million spent. COMMUNITY SERVICE- PROVIDES TRANSPORTATION, RECREATION SERVICES.
  6. $3.2 million spent. MENTAL HEALTH DAY SERVICES- PROVIDES EDUCATIONAL, TRAINING AND EXPRESSIVE THERAPY FOR INDIVIDUALS WITH PSYCHIATRIC DISABILITIES IN ORDER TO TEACH COPING, COMMUNICATION AND LIFE SKILLS.
  7. $15,506 spent. MENTAL HEALTH RESIDENTIAL SERVICES- PROVIDES SUPPORT TO INDIVIDUALS WITH PSYCHIATRIC DISABILITIES. THE CORE PURPOSE IS ASSESSING PEOPLE TO LEAD AND DIRECT THEIR OWN LIVES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1971.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.